China’s central bank said on Thursday it would step up efforts to consolidate an economic recovery, citing a range of risks to the global economy, while committing to implement prudent monetary policy and maintain reasonably reasonable liquidity. wide.
The People’s Bank of China also said it would focus on stabilizing employment and prices, and looking for ways to help reduce the costs of corporate finance and consumer credit.
“Global economic growth is slowing, inflation is at a high level, geopolitical conflicts continue, the external environment is becoming more complex and severe,” the institution said in a statement after its quarterly monetary policy committee meeting.
The bank added that while the domestic economy continues to recover, it “still faces the triple pressures of falling demand, supply shocks and weakening expectations.”
Other measures cited by the central bank on Thursday include accelerating the use of special loans to ensure home sales are completed and plans to guide commercial banks to provide financial support for such a scheme.
The central bank also pledged to keep the yuan’s exchange rate basically stable, increase the currency’s flexibility, strengthen expectations management, and guide companies and financial institutions to adhere to the “risk neutrality” concept.
Source: CNN Brasil
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